Shinkumi Bank for Koreans in Japan Ordered to Suspend Biz

About this episode

The episode discusses the suspension of operations at a shinkumi bank for Koreans in Japan due to management's cover-up of embezzlement.

Japan's Financial Services Agency on Friday ordered a "shinyo kumiai" credit association, or shinkumi bank, for Korean residents to suspend part of its operations after its management team was found to have covered up an executive's embezzlements of customer deposits.

Topics covered

• finance
• banking
• regulation
• Korean community
• Japan

Keywords

• Shinkumi Bank
• Japan
• Financial Services Agency
• embezzlement
• Korean residents

Mentioned in this episode

Organizations: Shinkumi Bank, Japan's Financial Services Agency

Places: Japan, Korea

More episodes of JIJI English News-時事通信英語ニュース-

• Japan Eyes Responsibility of Social Media Users during Elections · June 13, 2026 · 0 min
• China Rattling Sabers in Crackdowns on Vessels off Eastern Taiwan · June 13, 2026 · 0 min
• Japan PM Takaichi Leaves for Europe for G7 Summit · June 13, 2026 · 0 min
• Japan Releases Tool to Visualize Local Govt Finances · June 13, 2026 · 0 min
• Japan's Takaichi Vows Cooperation for Hormuz Safety: FT · June 13, 2026 · 0 min
• Japan Startup Tests Catheter Injection of iPS Heart Muscle Cells · June 13, 2026 · 0 min